CoinDesk Adds Coinbase and itBit to Bitcoin Price Index
CoinDesk is pleased to announce the addition of Coinbase and itBit to its Bitcoin Price Index (BPI). First launched in September 2013, CoinDesk's BPI provides the most accurate bitcoin price using an average from the world's leading exchanges. Boasting a BTC/USD combined trading volume of approximately $3.6m in the last 24 hours, Coinbase and itBit join previously approved exchanges Bitstamp, Bitfinex, BTC-e and OKCoin. Jon Matonis, editorial board member at CoinDesk, commented on the integration: "Coinbase and itBit have each demonstrated consistent volume and growth over a significant....
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Two more exchanges, OKCoin and itBit, have been added to CoinDesk's USD Bitcoin Price Index. These additions will be live as of 15:00 GMT today, the 25th November. Both exchanges see a significant amount of USD-BTC trade. OKCoin's US dollar trading volume over the 30-day period ended 11th November stood at 280,279 BTC. This figure amounts to 17.44% of the total volume on exchanges tracked by the BPI, according to data from Bitcoinity.org. The same measure for itBit stood at 57,727 BTC, or 4.17% of total volume. The other exchanges tracked by the BPI are Bitstamp, Bitfinex, BTC-e and....
The price of bitcoin topped $400 on the CoinDesk USD Bitcoin Price Index today, its highest value over the last four weeks. The press time value of $401.83 represented the highest bitcoin price observed since 5th November, when the price hit a high of $447.25 across major USD exchanges including Bitstamp, Bitfinex, Coinbase, itBit and OKCoin. Data shows the price began its most rapid runup at 22:30 UTC on 5th December, when the price rose abruptly from $377.49 to $385.93 over a 10-minute period. So far, the price rally has continued into 6th December, with bitcoin's value up 3% over the....
Texas, long considered one of the friendliest states in the US to bitcoin, now has one less industry startup operating within its borders. In a phone conversation with CoinDesk, a representative of bitcoin exchange itBit said it would no longer be doing business in the state. Spokesman Kyle Arteaga told CoinDesk: "I can confirm that itBit is no longer supporting Texas residents at this time." Affected customers have until 14th April to withdraw their funds. That leaves itBit open for business in the other 49 states. In May 2015, itBit announced it had been granted status....
CME Group has added China-based digital currency exchange OKCoin to its bitcoin pricing indexes, first announced in May. Created through a partnership with London-based Crypto Facilities, the CME CF Bitcoin Reference Rate and CME CF Bitcoin Real Time Index are scheduled to go into beta at the beginning of October, with a public beta to begin in November. Already included in the index are major digital currency exchanges including Bitfinex, Bitstamp, Coinbase, Genesis Global Trading, itBit and Kraken. In statements, OKCoin told CoinDesk the move reflects its increased focus on compliance....
A series of recent departures at itBit have left the company looking much different than it did just a few months ago. Following the release of itBit's enterprise clearing and settlement network Bankchain last year, three directors (and at least three other employees) have gone on to other endeavors. The exits appear to come amid a larger company transformation from bitcoin-only exchange to enterprise blockchain service provider. Multiple former employees have confirmed with CoinDesk that at least seven itBit employees have transitioned to other companies in that time. Only six have....